Such municipality and/or such county shall have the authority to establish by ordinance a bridge and park commission as a municipal agency of said municipality or as a county agency of said county to be known and designated as the “bridge and park commission.”

Such bridge and park commission, where it is a municipal agency, shall be composed of five (5) commissioners who shall be residents of the municipality and qualified electors therein, and shall be appointed by the governing authorities of said municipality. Such bridge and park commission, where it is a county agency, shall be composed of five (5) commissioners who shall be residents of the county and qualified electors therein, and shall be appointed by the governing authorities of said county.

At the time of the first appointment, one (1) of the commissioners shall be appointed for a term of one (1) year, one (1) shall be appointed for a term of two (2) years, one (1) shall be appointed for a term of three (3) years, one (1) shall be appointed for a term of four (4) years, and one (1) shall be appointed for a term of five (5) years, until his successor shall have been appointed and qualified. Thereafter, one (1) commissioner shall be appointed annually for a term of five (5)years, and until his successor shall have been appointed and qualified.

Said commissioners shall take the oath of office required by Section 268 of the Constitution of the State of Mississippi.

Said commissioners shall give bond payable to the municipality, where it is a municipal agency, or to the county, where it is a county agency, in an amount to be fixed by the appropriate governing authorities.